European Parliament strongly supports cooperatives

The European Parliament adopted a report on the contribution of cooperatives to overcoming the crisis. Italian MEP Patrizia Toia presented this report.

The text praises the contribution of the 160.000 cooperative enterprises to the EU economy and for employment stability and insists on the resilience that the cooperative enterprise model has demonstrated during the economic and social crisis that Europe is still facing. In particular the report focuses on the cooperative option for restructuring businesses in crisis or without successors via for instance a business transfer to employees.

The report also emphasizes a few proposals to ensure a level playing field between cooperatives and other forms of enterprises including access to funding and business support.

Read the report on this link

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